AIXTRON SE (AIXG), a provider of deposition equipment to the semiconductor industry, announced preliminary results for the first quarter of fiscal year
2013, with revenue of EUR 40.2 million, gross profit of negative EUR 48.0 million and operating result of negative EUR 76.3 million. Order intake in the quarter remained subdued at EUR 29.9 million.
The company noted that its quarterly results were significantly affected by inventory write-downs and restructuring costs.
The company said it executed a further review of all inventories in the quarter and consequently, decided on additional write-downs in the range of approximately EUR 43.0 million.
AIXTRON also has recorded restructuring expenses of approximately
EUR 6.1 million, mainly in conjunction with the initiated staff reduction
measures in Germany.
Free Cash Flow came in at EUR 9.3 million and cash and cash equivalents including cash deposits as per March 31, 2013 amounted to EUR 219.9 million.
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